Instuitional Investor - Richard W. Paul & Associates, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Trust	IEF	182,128	$18,622,627	6.27%
2.	Ishares Trust	IEF	100,734	$15,624,784	5.26%
3.	Ishares Trust	IEF	136,243	$11,810,887	3.98%
4.	J P Morgan Exchange Traded F - INCOME ETF		234,753	$10,815,059	3.64%
5.	Ishares Trust	HYG	115,797	$10,483,129	3.53%